May 07, 2012
Over the weekend, Chinese e-commerce conglomerate Alibaba Group issued an open letter to the media and its shareholders in which it listed a total of nine online shops previously operating on its B2C and C2C e-commerce subsidiary Taobao that have been permanently shut down due to suspected bribery and other misconduct.
Wei Yushan, vice president of the Chinese Academy of Press and Publication, recently released the results of a national sample survey which revealed that the majority of readers in China are willing to pay an average price of RMB 3.5 for one e-book, with nearly half of those readers able to purchase an e-reader.
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
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